Mineral Resources Limited (ASX: MIN) has announced that it intends to offer, subject to market and other conditions, up to an aggregate principal amount of US$1 billion of senior unsecured notes due 2027 and senior unsecured notes due 2030.
The Notes will only be offered to persons reasonably believed to be qualified institutional buyers, pursuant to Rule 144A under the United States Securities Act of 1933 and to certain persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act.
MinRes intends to use the cash proceeds from the offering for general corporate purposes, including for capital expenditures.
